Tracking contributions has never been easier

We have recently updated our SMSF360 FundWeb Contribution Caps page to take into account the “Bring Forward Rule” and contributions to “other funds”.  This means that you can now: ­Automatically track payments against contribution cap limits. ­Capture contributions to other funds. ­Capture prior year details, i.e. the ‘Bring Forward’ rule is supported. ­Keep up to…

How a re-contribution strategy can save you and your family thousands of dollars

A recontribution (or recycling) strategy is the process of withdrawing benefits from a member’s superannuation account and then making a non-concessional contribution (NCC) of the same money back into the fund.  The primary objective of this popular strategy is to convert all or part of a member’s taxable component into tax-free component. In order to…